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745 Acres Offered in 16 Tracts

745 Acres Offered in 16 Tracts

North of Marceline, MO - Linn County

Owner: Nola A. Haynes Trust Central Trust & Investment Co. Michel Plut - Trustee Elma Anderson Medearis Trust Edward L. Buckley, Co-Trustee David P. Anderson, Co-Trustee Thu, Apr 22, 2010 EASTERN

AUCTION IS OVER

• 4+/- Miles North of Marceline & US 36 • West of Macon • East of Chillicothe • Well-Maintained Grassland & Cropland • Good Fencing for Cattle Operations • Prime Hunting & Recreation - Deer, Turkey, Rabbit & Quail • Several Ponds & Meandering Streams • Wooded Land with Mixed Hardwoods • Potential, Country Building Sites • Create Your Own Private Estate


OPEN HOUSE/INSPECTION DATES

PROPERTY INSPECTION SITE: The Wyandotte Church on the corner of Mesa Road and Ludlow Drive
Saturday, March 06,2010 10:00 AM thru 12:00 PM
Sunday, March 07,2010 02:00 PM thru 04:00 PM
Sunday, March 21,2010 02:00 PM thru 04:00 PM
Monday, March 22,2010 04:00 PM thru 06:00 PM
Wednesday, April 21,2010 04:00 PM thru 06:00 PM

PROPERTY LOCATION

PROPERTY Directions: From the intersection of State Hwy. U and US 36, travel north 3.75 miles to Mesa Road. For Tracts 1-4: Continue north on State Hwy. U, to Lowen Road (5.5 miles north of US 36). At Lowen Road turn east .5 mile to Lock Drive, turn north for Tracts 3 & 4. Continue east on Lowen Road to Mill Drive. Turn north .75 mile to Tracts 1 & 2. For Tracts 5-10: Continue North on State Hwy. U. For Tracts 11-16: Turn East on Mesa Road

AUCTION LOCATION

Walsworth Community Center, Marceline, MO. 124 East Ritchie Marceline, MO 64658 Directions: From the intersection of US 36 and State Hwy. U (MO-5), travel south on MO-5 to Kansas Ave. At Kansas Ave, turn right and follow to E. Ritchie. At Ritchie, turn left to Community Center.

TRACT DESCRIPTIONS

Tract 1: 80± ac with approximately 69+/- acres well-maintained grassland, fenced on 3 sides with 2 ponds. Wineland Concrete Cattle waterer supplied from newly constructed fenced pond. Tract includes easy access with road frontage on Midway Road.

Tract 2: 75± ac with 55+/- acres well-maintained grassland, fenced on 3 sides. 20 acres of mixed hardwoods with small stream, creating excellent wildlife habitat. Prime hunting and recreation area. Road frontage on Midway Road. Combine Tracts 1

Tract 3: 19± ac of rolling, wooded land with mixed hardwoods and meandering stream. Excellent wildlife, hunting and recreational area, fenced on 3 sides. Road frontage on Lock Drive.

Tract 4: 19± ac 19+/- acres including wooded land with mixed hardwoods and small stream. Wildlife, hunting and recreational area, fenced on 3 sides. Road frontage on Lock Drive. Combine Tracts 3

Tract 5: 1± ac House - 2 bedroom, 1 bath country home on .7+/- acre. Frontage on State Hwy. U.

Tract 6: 40± ac fenced land with two fenced ponds, featuring a metal pole building with lean-to. Predominantly open grassland with small stream meandering through.

Tract 7: 73± ac rolling, fenced grassland with 2 ponds and abundant road frontage on State Hwy. U and Kiowa Road.

Tract 8: 79± ac with approximately 52

Tract 9: 45± ac "Swing", 45+/- acres with 31+/- acres pasture or grassland and stream running through. This tract can only be purchased by adjoining tracts with road frontage or by an adjoining landowner.

Tract 10: 41± ac 41+/- acres of fenced land, including 31+/- acres of grassland and the remainder is wooded with pond and stream. Road frontage on St. Hwy. U.

Tract 11: 60± ac all grassland, excellent for grazing or hay. Road frontage on State Hwy. U and Mesa Road.

Tract 12: 30± ac acre scenic tract featuring pond, wooded ravines and recreational land with meandering stream. Easy access with abundant road frontage on Mesa Road and Ludlow Drive. The property is approximately 50% open grassland. Excellent hunting and wooded, recreational area. Create your own private estate.

Tract 13: 66± ac with 45+/- acres of cropland and the balance wooded with a winding creek. Frontage on west and south edges of the property on Ludlow Drive and Mesa Road.

Tract 14: 40± ac with equal portions consisting of woods and grassland. Creek running through the property with perimeter fenced. Easy access with long road frontage on Mesa Road.

Tract 15: 45± ac fenced, wooded pasture land with pond and sloping terrain for grazing, hunting or a unique building site. Rolling land accented with scattered oak trees creating panoramic views from grassy knolls. Abundant road frontage on Mesa Road and Mill Drive.

Tract 16: 35± ac of mixed hardwood trees complimented by a winding creek. Hunters and wildlife enthusiasts can utilize ATV trails throughout the property. Easy access from Mesa Rd.

Tract 17: 17± ac Tract added day of auction.

TRACT MAP(S)

Tract map - 745 Acres Offered in 16 Tracts

AREA MAP(S)

Area map - 745 Acres Offered in 16 Tracts

Area map - 745 Acres Offered in 16 Tracts

PROCEDURE: The property will be offered in 16 individual tracts, any combination of tracts and as a total 745 acres. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashier's check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers' acceptance or rejection.

EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.

DEED: Seller shall provide a Trustee's Deed(s). Real estate sold subject to all rights of way, legal highways, leases and easements of public road.

CLOSING: Closing shall take place 15 days after proof of marketable title.

POSSESSION: Possession shall be given a closing with 10% down. Immediate possession for farming or livestock with 20% down.

REAL ESTATE TAXES: Taxes shall be pro-rated to the day of closing.

DRAINAGE ASSESSMENTS: Buyer shall pay all drainage assessments and/or taxes due after closing.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. Combination purchases will receive a perimeter survey only.

PROPERTY INSPECTION: Each potential Bidder is responsible to conduct, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. An inspection date has been scheduled and will be staffed with auction personnel. Please feel free to inspect the land at any other time at your own risk.

EASEMENTS: Subject to any and all existing easements.

AGENCY:Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

STOCK PHOTOGRAPHY: Pictures may be for illustrative purposes only and not of the actual auction property.

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